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A business resolution for the New Year

Different businesses require different things at different stages. If you’re thinking ahead to 2012, here are some things you can consider:

If Your Business is a Squalling Infant – Resolve to start getting some sleep. What do you need to do to put your business to bed at night so it doesn’t keep you awake? Shore up your financials? Outsource some work? Turn off the electronic communication?

If Your Business is an Unruly Toddler – Resolve to babyproof. What safety nets can you put in place? Do you have an adequate line of credit? Do you have your policies and procedures documented? Have you had your contracts reviewed by an attorney to make sure you’re adequately protected?

If Your Business is a Little Leaguer – Resolve to strengthen fundamental business skills. Where does your staff need to develop or expand skills? What skills are you lacking? Do you need to bring in additional expertise?

If Your Business is a Surly Teen – Resolve to tame the chaos. Do you have the right people in the right roles? Are you managing your cash flow appropriately? What’s your plan for the future – have you figured out what you want to be when you grow up?

If Your Business is a Mature Adult – Resolve to keep your business stable and profitable. How is your business brand holding up? Your product suite? Are you maintaining a level of manageable growth? Do you have a team of high-caliber employees supporting you? A clear exit strategy in place?